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BIMP-EAGA

BIMP-EAGA

The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area, or BIMP-EAGA, is a cooperation initiative established in 1994 to spur development in remote and less developed areas in the four participating Southeast Asian countries.

Kuamut and other rainforests on the island of Borneo are known collectively as the Heart of Borneo. They make up about a third of Asia’s largest island and serve as the “lungs of the earth,” drawing in carbon dioxide from the atmosphere and breathing out oxygen. Photo credit: iStock/Jason T. Mulvaney.
Article
13 November 2024

Kuamut Rainforest—Malaysia’s First Certified Nature-Based Carbon Project

The annual emission reduction from the Kuamut Rainforest Conservation Project is estimated at more than 800,000 tonnes of carbon dioxide equivalent.
Renewable energy certificates can help accelerate the transition to clean energy and low carbon-growth by making renewable energy generation economically viable. Photo credit: Asian Development Bank.
Article
6 November 2024

Setting Up a Renewable Energy Certificate Market in ASEAN: Challenges and Opportunities

Initial findings from a BIMP-EAGA study provide insights into creating a credible and sustainable regional REC system.
A growing number of organizations and businesses now uses AI and automation because of their transformative potential and capacity to introduce new opportunities. Photo credit: ADB.
Article
19 September 2024

ASEAN AI Guidelines Seek to Encourage Responsible Use and Deployment

The guidelines will ensure decisions made by AI are aligned with national and corporate values, as well as broader ethical and social norms.
Earth observation solutions can help farmers monitor and manage their fields to improve crop production. Photo credit: ADB
Article
8 August 2024

5 Ways Earth Observation Solutions Are Helping the Planet

From managing crops and water resources to flood risk and geohazard mapping, earth observation solutions have helped countries address development challenges.
Alternative accommodations play an important role in bolstering a destination’s tourism competitiveness by offering unique and flexible lodging options. Photo credit: iStock/lithiumcloud.
Article
11 April 2024

Well-Managed Alternative Accommodations Contribute to Southeast Asia’s Tourism Recovery

Closing loopholes in the regulation of alternative accommodations would benefit the travelers, the state, and property owners.
A tourist tries on a traditional Vietnamese handwoven sarong skirt. One of the flagship programs is to promote and support tangible and intangible cultural heritage. Photo credit: ADB.
Article
2 April 2024

ASEAN Charts a Sustainable Path for Tourism

Tourism ministers in Southeast Asia have endorsed a holistic and long-term strategic plan to guide the sustainable development of the tourism industry.
Over 85% of remaining coral reefs in Asia and the Pacific are vulnerable to typhoons and other risks. Photo credit: ADB.
Article
27 March 2024

How an Innovative Insurance Product Can Protect Coral Reefs

With parametric insurance, payouts can be made immediately after a typhoon, making it an effective tool to fund rapid restoration of coral reefs.
Economic and political disruptions have triggered a reconfiguration of global supply chains, which is driving more investors to ASEAN. Photo credit: iStock/Kamonchai Mattakulphon.
Article
5 March 2024

Investors Favor Southeast Asia as Economic Landscape Changes

Foreign direct investment flows to the region hit a record $224 billion in 2022.
Scaling up the production and supply of sustainable aviation fuel is critical to the decarbonization of the global air transport sector. Photo credit: iStock/aapsky.
Article
21 February 2024

Southeast Asia Poised to Become a Key Supplier of Sustainable Aviation Fuel

Rich in feedstock, the region can become an important source of biofuel, which is currently in short supply.
Over the last 2 years, 21 projects have received BKCF grant financing, including those that promote smart farming and support sustainable agriculture value chains. Photo credit: ADB.
News
8 February 2024

Korean-Backed BIMP-EAGA Fund Opens Fourth Grant Cycle

Grants ranging from $100,000 to $500,000 in store for eligible projects that support bolstering connectivity, environment, tourism, or agriculture in BIMP-EAGA.